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Recently, a cryptocurrency analyst, Mister, expressed concerns over significant potential declines due to the MACD reading on weekly charts, even suggesting the onset of a bear market. The time elapsed since the Bitcoin 
$94,215 halving and from the bear market bottom has led some to believe that bear markets could begin this November. However, Mister has since altered his perspective.
Cryptocurrency Rise Cycle
At the time of writing, Bitcoin price surpassed $104,000, but celebrating too early might be premature. Last week, Powell made a remark that had largely gone unnoticed. He stated that as of December, asset sales would halt, and a period of liquidity expansion would commence, though barely felt if it starts with short-term bond purchases. This will be recalled by analysts as Bitcoin ascends in value, recognizing its importance retrospectively.
Mister Crypto, who had previously predicted drops, now states that it is challenging to remain pessimistic amid these developments. He predicts an imminent entry into a liquidity easing cycle, with the Fed ending rate hikes, concluding quantitative tightening (QT), and restarting quantitative easing (QE). This transition will create immensely favorable conditions for risk assets, including cryptocurrencies, making it difficult to maintain a pessimistic outlook.
ENA Coin Projection
Furthermore, markets are beginning to awaken again. The total market capitalization of cryptocurrencies has increased by more than $76 billion, and altcoins have similarly risen by $8 billion. Open positions have surged past $70 billion, signaling a recovery in leverage, and the 24-hour trading volume is rebounding as well. The recovery in trading volumes is a positive sign.
With the crypto markets striving to dismantle the four-year cycle narrative, economist Alex Krüger commented on the sector’s ongoing transformation. According to him, the crypto sector is evolving from being a haven for cyber-punk enthusiasts and fraudsters to a regulated industry focused on growth and revenue, progressively integrating into the mainstream. Such growth pains are inevitable, and those that fail to adapt will suffer or vanish.
ENA Coin, ranked among the top 40 cryptocurrencies by market cap, had a value above $5 billion a month ago, which has since halved. However, there are reasons to remain optimistic since it still surpasses the levels seen between March and June 2025. Despite numerous cryptocurrencies experiencing downturns throughout the year, ENA Coin’s resilient stance is valuable and should not be overlooked.
Ali Martinez, assuming the BTC downtrend would continue, suggested purchasing within the $0.2-$0.23 range. However, the Supreme Court decision did not trigger the decline as anticipated, at least not yet. If the overall recovery persists, ENA Coin could climb to $0.51, with a subsequent target of $1.25.
